Park-Ohio (NASDAQ:PKOH) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $37.65 and traded as high as $49.03. Park-Ohio shares last traded at $47.30, with a volume of 52,687 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PKOH. KeyCorp lifted their price objective on Park-Ohio from $45.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Wall Street Zen raised Park-Ohio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised Park-Ohio from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Zacks Research upgraded Park-Ohio from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $59.00.

Park-Ohio Stock Down 1.0%

The firm has a market cap of $662.92 million, a P/E ratio of 24.34, a P/E/G ratio of 1.21 and a beta of 1.24. The business’s fifty day moving average price is $46.94 and its two-hundred day moving average price is $37.80. The company has a current ratio of 2.40, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66.

Park-Ohio (NASDAQ:PKOH) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Park-Ohio had a net margin of 1.60% and a return on equity of 10.55%. The firm had revenue of $440.10 million during the quarter, compared to analysts’ expectations of $425.57 million. Park-Ohio has set its FY 2026 guidance at 3.100-3.300 EPS. As a group, equities research analysts anticipate that Park-Ohio Holdings Corp. will post 3.26 EPS for the current year.

Insider Activity

In related news, Director Howard Hanna, IV sold 5,330 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $45.05, for a total value of $240,116.50. Following the transaction, the director directly owned 18,122 shares of the company’s stock, valued at approximately $816,396.10. This trade represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Wert sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $47.50, for a total value of $142,500.00. Following the completion of the sale, the director owned 85,456 shares of the company’s stock, valued at approximately $4,059,160. This trade represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 52,330 shares of company stock valued at $2,438,390. Insiders own 31.10% of the company’s stock.

Institutional Trading of Park-Ohio

A number of institutional investors and hedge funds have recently modified their holdings of PKOH. BlackRock Inc. acquired a new position in Park-Ohio in the 2nd quarter valued at $28,189,000. Dimensional Fund Advisors LP boosted its holdings in Park-Ohio by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 837,015 shares of the industrial products company’s stock valued at $20,121,000 after acquiring an additional 6,547 shares during the period. JB Capital Partners LP bought a new stake in Park-Ohio during the second quarter valued at about $4,672,389. Bank of New York Mellon Corp acquired a new stake in shares of Park-Ohio in the second quarter valued at about $4,403,000. Finally, CM Wealth Advisors LLC acquired a new stake in shares of Park-Ohio in the second quarter valued at about $4,302,000. 51.38% of the stock is currently owned by institutional investors and hedge funds.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. is a diversified manufacturing and supply chain management company serving original equipment manufacturers and other industrial customers. The company operates through two primary business areas: Diversified Manufacturing and Supply Chain Management.

Its manufacturing operations produce engineered components and assemblies, including forged, stamped, formed and machined metal parts, plastic-injection-molded components, fluid-management products and other specialized products.